Footing the Tuition Bill: The New Student Loan Sector
Frederick M. Hess
AEI Press, 2007 - Education - 309 pages
A college degree is the key to opportunity and economic success in America today, a fact that has brought new attention to questions of college access and affordability. Rising college costs and low levels of household savings mean that existing federal loan and grant programs cannot meet the needs of many students. The search for additional funds has spurred explosive growth in private, "nontraditional" student loans. The private student loan market, which was only an afterthought fifteen years ago, today accounts for 18 percent of all loans for postsecondary education. Although much attention is paid to federal loan and grant programs, this emergent sector has largely escaped careful scholarly analysis.
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The Politics of Federal Student
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